Svmuu News: On April 30, Pharos officially announced that following the launch of its PROS token on the 28th, the token has met the valuation benchmarks set during GCL Group’s strategic investment. The preconditions for the first token-for-share settlement have been largely fulfilled, and both parties are currently completing the final regulatory procedures. GCL Group is an industry leader ranked among the World’s Top 500 Brands, and its subsidiary GCL New Energy (451.HK) will engage in deep cooperation with Pharos. Moving forward, Pharos will leverage GCL’s overseas renewable energy and computing power assets to build a global A2A decentralized trading market based on real-world assets. By aggregating industrial operational data and other methods, Pharos aims to explore new business models beyond the traditional public blockchain profit model, which relies primarily on gas fees. The Pharos team has committed to using the proceeds from this partnership with the industry leader for long-term PROS buybacks and to distributing dividends from its holdings in the listed company to PROS holders via airdrops. According to previous market reports, Pharos opened above $1.10 in the first hour of trading on April 28, with a short-term FDV exceeding $1.1 billion.